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Briefcase

Earnings

December 05, 1987

Because of delays in completing software for its new products, Applied Data Communications said it lost $835,000 in its fiscal 1988 second quarter ended Sept. 30, compared to a loss of $545,000 for the same period last year. Revenues of $1,252,000 were down less than 1% from $1,261,000 for the same period last year. For the first half, Applied Data lost $1.2 million, compared to a loss of $714,000 last year. Revenues dipped 6%, to $3 million from $3.2 million. President Pat Kane said Applied Data operated its factory at about 33% of capacity because of the software delays, increasing overhead costs and adversely affecting profit margins. In addition, the company completed its acquisition of Dateline Technology at the end of the quarter. "A large percentage of management's time and efforts was focused on completing the acquisition, a process which also had a negative impact on day-to-day operations at ADC," Kane noted. Applied Data, based in Tustin, designs, manufactures, and services floppy diskette duplication equipment, floppy and rigid disk drive test equipment and high-performance peripheral sub-systems for the minicomputer industry.

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